ANSWER Deriv Trading Live is a fraudulent platform, which copies details of a real firm to mislead investors. It appears to be an impersonation scam and we urge you to stop trading with it.The fradulent activities of Deriv Trading Live have led to an investigation by the Malta Financial Services Authority (MFSA). According to the MFSA, Deriv Trading Live (https://derivtradinglive.net/), is using the details of company Deriv Investments (Europe) Limited which is licensed in this jurisdiction to deceive investors. Fraudsters are attempting to convince the public that they are operated by this genuine company. The Maltese financial watchdog has confirmed that Deriv Trading Live is not licensed and is a clone firm. You can read the full warning here.Therefore, dealing with Deriv Trading Live could be financially and personally devastating, as there are no rules in place to protect its customers from fraud and identity theft. Forex trading journey contains uncertainties and stakes, and it is better to choose a fully regulated broker to mitigate risks.
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